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23 January, 2018 |
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Distributed with Foreign Policy magazine’s special World Economic Forum Davos 2018 edition |
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Economy |
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The nation with a reach much greater than its borders |
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When banking secrecy came to an end in Luxembourg on January 1, 2015, critics sneered. The EU nation, a prominent financial capital on… |
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Fund industry tops €4 trillion on UCITS success |
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When the Luxembourg fund industry reached a record €4 trillion in assets last September, it marked another celebratory moment in the short lifespan… |
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A green revolution in finance is born |
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Luxembourg has taken up the global vanguard in melding climate concerns with financial technology, conducting pioneering firsts, including the launch of the… |
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“Our economy will be 25% larger than in 2013” |
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Pierre Gramegna |
Minister of Finance of the Grand Duchy of Luxembourg |
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“CEOs here are more confident than the global average” |
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John Parkhouse |
CEO and Senior Partner of PwC Luxembourg |
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“We’re open to new phenomena: Our regulator was the first to… |
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NICOLAS MACKEL |
CEO of Luxembourg for Finance |
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Brexit unleashes new wave of US corporate migration |
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The dramatic decision of the UK to pull out of the EU came as a mixed blessing for Luxembourg, which stands to… |
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Research institution plots course to help mine moon |
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Luxembourg’s economy is aiming high – for the moon, to be precise. Late last November, the Luxembourg National Research Fund made its… |
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“Over the past 15 years public R&D spending has increased 12… |
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Marc Schiltz |
Executive Head and Secretary General of the Luxembourg National Research Fund |
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“Northern Trust has chosen Luxembourg following Brexit” |
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Steve David |
Luxembourg Country Head of Northern Trust |
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“You win if you adapt to regulations fast and thoroughly” |
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RENÉ MOTTAS |
Country Head of UBS Luxembourg |
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Handcrafted eyepieces make global mark |
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Like Switzerland’s iconic Swiss watch, Luxembourg may soon create a synonymous claim in its own luxury accessory: eyepieces. Gold & Wood, an… |
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Multi-billion euro plan paves way for logistics and mobility future |
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Luxembourg is embarking upon a €3.8 billion decade-long infrastructure-spending spree to upgrade its railway system and establish modernized transportation terminals that will… |
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“We represent roughly 25% of the fund industry” |
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David Suetens |
Executive Vice President and Country Head of State Street Bank Luxembourg |
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“The Luxembourg Green Exchange lists 50% of the world’s green bonds” |
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ROBERT SCHARFE |
CEO of Luxembourg Stock Exchange |
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“Our research has earned us interest from NASA” |
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Fernand Reinig |
CEO of Luxembourg Institute of Science & Technology |
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Housing gap of up to 6,000 homes: Top construction firm |
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Housing prices continued to climb in 2017, rising 7.7% to an average price of €6,000 per square meter for an apartment, comparable… |
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New fleet of greener aircraft keeps Cargolux operations at sustainable heights |
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Cargolux, Europe’s largest cargo airline, with a worldwide network of over 90 destinations, has combined efficiency with sustainability by adding a new… |
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“The Port of Mertert is connecting with the transport hub at… |
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Jeannot Poeker |
President Port of Mertert |
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“Brexit has clearly been positive for Luxembourg” |
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Henri Wagner |
Managing Partner of Allen & Overy |
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“There is a lack of up to 6,000 homes in Luxembourg” |
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Marc Giorgetti |
Managing Director of Félix Giorgetti |
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Entrepreneurs aim to take over live-streaming niche |
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Born as a garage project in Hungary in 2001, today Docler Holding, which runs a Luxembourg-based live-streaming platform, has become proof of… |
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The crossroads of medical research |
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While Germany and France have established definitive edges in biomedical research, Luxembourg is carving out its own niche in medical translational research, whereby… |
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“Luxembourg could be the pilot of new positive impact from climate… |
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Véronique de la Bachelerie |
CEO of Société Générale Bank & Trust Luxembourg |
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“Luxembourg should benefit from the economic recovery in the euro area” |
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Gaston Reinesch |
Governor of the Central Bank of Luxembourg |
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“Because of its size, Luxembourg was always able to adapt quickly” |
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Guy Hoffmann |
CEO of Raiffeisen Bank Luxembourg |
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“Many Hollywood stars, politicians and business leaders wear our glasses” |
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Maurice Leonard |
Founder & CEO of Gold & Wood |
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“Luxembourg will become a showcase for how research will become more… |
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Ulf Nehrbass |
CEO of Luxembourg Institute of Health |
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“42% of Luxembourg students are enrolled in Master’s or PhD programs” |
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MARC HANSEN |
Delegated Minister to Higher Education and Research |
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“We invested in a new fleet of 747-8F aircraft, which are… |
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Mr. Richard Forson |
President & CEO Cargolux Airlines International S.A. |
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“The US is our most important economic partner outside of Europe” |
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JEAN ASSELBORN |
Foreign Minister of Luxembourg |
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“We are investing €3.8 billion to extend and modernize our rail… |
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Francois Bausch |
Minister of Infrastructure and Sustainable Development |
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“All the big US multinationals in one way or another operate… |
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Paul Mousel |
Founding Partner at Arendt & Medernach |
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“A European live-streaming platform is something that we could conquer” |
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Karoly Papp (L) & Marton Fulop |
CEO & COO of Docler Holding |
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